Should we carry the title, so if the buyer defaults we keep the trailer? 

That's not a guideline, it's just a product of the math specified in the guidelines.Once your net rental casfhlow is 2.5x your personal housing expense + all consumer debts, you can carry on getting Fannie loans without any other source of income.

One thought is that as you build a track record, you can start to leverage outside capital to earn a portion of those profits as well through carried interest.As an example, say you only contribute 20% of the equity capital to a deal, and have an 80/20 profit split above a certain return threshold for investors.

Carrie

Can anyone tell me what is the total cost to the stage and carry including all expenses for a short term rental if I sublease the property for :3/2 SFH2/1 SFH1/1 apartment.Very much appreciated

Carry on!!

Of course, certain years carry some red flags with them (lead, asbestos, etc), but as long as you know what to look for and where to look for it, not an issue at all. :)

We were able to negotiate a small seller carry to help with the downpayment.

You might find an owner willing to carry back a 2nd mortgage for some or all of the down payment.

Purchase price 275K - seller is carrying 55K and the rest is financed through 2 of my private lenders and I will bring some cash also.